- 24 December 2005
Ahh the old chestnut from the gold bugs, safe haven, rubbish! Gold in and of itself is pretty much just useless bling, pretty to look at and buy at the right time can give a capital gain with a quick exchange for fiat. No my good Captain, not gold but the gold chart, that is my focus.Where is Your" GOLD " as a Safe Haven ?
We are All So Much Poorer!
This is a "Storm at Sea"
( Nowhere to Hide)
I don't need to watch the little Aussie battler, where goes the gold chart there goes the $A.Have you seen how the Little Aussie Battler ( The AUD) has been performing in these Sea and Weather Conditions
So let's see what happens today, are we in a storm at sea or simply a storm in a teacup?
I see the All Ords dropped to a short term rising support and sat very nicely atop yesterday, not only that but it is also sitting directly on top of the locally popular 200d exponential MA.
I took the last couple of days as a little buying op, maybe foolish but the temptation was too great!